Mirepa Investment Advisors closes an investment with True Moringa
Mirepa Investment Advisors Ltd. is glad to announce an investment in MoringaConnect Inc (DBA True Moringa) – a leading supplier of natural skincare & wellness products and organic bulk ingredients exported to the US, Asian, and EU markets.
True Moringa has built a supply chain from the soils of Ghana to the shelves of Whole Foods Market in the US. It has created 80 jobs, served 6,500 women and family farmers, and planted 3 million trees to afforest communities and sequester carbon.
The investment from Mirepa Capital SME Fund I will allow the company to strengthen its local supply chain as well as boost its distribution capacity in the US and the EU.
Commenting on the transaction, Enyonam Kakane, Head of Portfolio Management at Mirepa Investment Advisors highlighted the fund’s commitment to the agricultural sector, as well as its deliberate focus on a gender-lens investment consideration. She further intimated that True Moringa has exhibited leadership in the export of organic certified products and demonstrated resilience and a high level of integrity in its operations. It is for that reason the Mirepa team is excited to be part of this journey.
Kwami Williams, co-founder of True Moringa added: “We are beyond excited to partner with MIA toward our bold vision of profitably moving 20,000 farmers from poverty to middle income by 2034. Sadly, the majority of our investments have come from outside of Ghana. It means a lot to me and is important for the ecosystem to see MIA re-write that story: seasoned Ghanaian investing team investing into Ghanaians to do well and do good.”
About Mirepa Investment Advisors:
Mirepa Investment Advisors (MIA), is licensed by the Securities and Exchange Commission of Ghana to manage private equity and venture capital funds in Ghana. The Mirepa Capital SME Fund I (MCSFI) is the firm’s impact and missing middle fund that provides patient capital for early-stage businesses and SMEs in Ghana with a keen focus on three sector lenses: Technology, Light Manufacturing and Clean Tech.
About True Moringa :
Named Best of Indie Beauty Expo, Best of NY NOW, True Moringa, makes regenerative skincare and wellness products powered by superfood ingredients grown on their organic certified, solar powered farm in Ghana. It was incorporated in 2013 in Delaware (USA) and began operating in 2014. It has two subsidiaries in Ghana: True Farms Ltd & True Factory Ltd. To date, True Moringa has planted over 3 million trees to combat deforestation and malnutrition and served 6,500 women and farming families.
